Our Services
Services
Hire Services
At VLS we work closely with each customer in tailoring each lease agreement to suit the customer’s requirement. For long term hire of vehicles the most popular lease agreements are operating lease (also known as contract hire) and finance lease. Short term hire, which is usually from one day to several months, is also an operating lease but without a long term contractual commitment.
If you already own a fleet we can buy it from you and then lease it back by any of the hire methods described above.
VLS frequently supplies vehicles to customers that have been significantly modified to suit the client’s requirements. For light vans this often includes fitting out with racking, addition of livery, warning beacons, racks for ladders, etc., alternatively it could be conversion into a minibus suitable for disabled passengers. For large goods vehicles it could be the addition of an access tower to allow overhead electricity lines to be inspected. This service differentiates VLS from most other leasing businesses. For more information, see Vehicle Specification.
For more detail on our hire services, please use the sub menu to the left.
Operating Lease (Contract Hire)
This is the simplest form of lease with the least risk to customers. We deliver the new vehicle to you, provide the fleet management and maintenance services you have chosen and then collect it when the contract finishes. All the risk attached to the vehicle is borne by VLS – the cost of maintenance, what it is worth when sold, etc.
The customer is required to pay a fixed monthly rental and benefits from not having to fund the purchase of the vehicle when new.
Contracts can be from 2 years to 5 years for most vehicles and up to 7 years for low mileage or large goods vehicles.